BharatBenz today signed a Memorandum of Understanding with HDFC bank for financing its commercial vehicles. Under this alliance, HDFC Bank becomes the first preferred financier for BharatBenz Trucks in the country. The agreement was signed by Mr. Ashok Khanna, Sr. Executive Vice President & Business Head, Vehicle Loans, HDFC Bank, and Hans Luedecke, General Manager, Retail Finance,DICV. As part of the MoU, HDFC Bank will evaluate the finance needs of the clients and develop appropriate financing packages to BharatBenz customers all over the country.
Announcing the tie-up, Mr. Marc Llistosella, Managing Director and Chief Executive Officer, (DICV) said, “Having chosen HDFC Bank as our preferred financier, this partnership is another big step as we move towards the market launch of our BharatBenz Trucks. This alliance allows us to strengthen our presence as HDFC Bank has a wide network and complements in serving our prospective customers. BharatBenz customers can be assured of competitive loan terms. This partnership brings forward renowned business practices from HDFC Bank and innovative technology leadership from Daimler for customers; enhancing holistic mobility solutions.”
DICV, a 100% subsidiary of Daimler AG, will roll out trucks in 2012 from its manufacturing facility at Oragadam, near Chennai. Spread over about 160 hectare, the facility also houses a state of the art test track, which is a testimony to the promise of uncompromising quality and performance. Over 3.5 million kilometre of testing has been successfully completed by the company.
